Tax and Superannuation Laws Amendment (2015 Measures No. 3) Bill 2015

Summary

Amends the Income Tax Assessment Act 1997 and Shipping Reform (Tax Incentives) Act 2012 to abolish the seafarer tax offset; and the Income Tax Assessment Act 1997 to reduce the tax offset rates available under the research and development tax incentive for the first $100 million of eligible expenditure by 1.5 per cent.

Schedules of amendments

Bills digest

Helpful information

Text of bill

Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.

As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.

Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.

Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.